Nasdaq 2025 outlook

3 days ago

As we complete 2024 and the significant move we have experienced in the NQ this year, its time to have a look at the possible outcome for 2025. the ascending triangle suggests a topping pattern and as the Santa Claus rally completes and portfolio adjustments for year-end, I have to conclude that we will see a reasonable correction in January/February next year. I have drawn boxes to indicate my support and resistance areas. As we all have found out this year sentiment is a primary driver of markets but we are so extended and selling rallies is challenging. I don't believe in fighting the trend but look for a set-up that limits your risk, happy holidays and take care